Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (185164)	7/31/2002 10:15:47 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 436258

Well.....I wasn't really arguing the point, but since my target is lower.... I think part of the answer was shown in the consumer confidence numbers yesterday. If the consumer is what has been keeping the economy afloat and now s/he is tapped out on all of the his/her credit cards and has already bought a new car on 2% credit and just got laid off after taking out a home equity loan, well, where is s/he going to come up with the cash to spend oodles on christmas gifts for the neices and nephews this year? And then there is the other answer....for the same reason that the nasdaq went to 5100. fundamental reasons, technical reasons and investor psychology reasons.